Foreign automakers double down on China bets despite slowing growth

Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth. Market leaders Volkswagen AG (VOWG_p.DE) and General Motors (GM.N) show no sign of letting up on their planned investments, while Toyota Motor and Ford Motor (F.N) are also pursuing new China expansion plans. Foreign automakers, many of which are expected to unveil new products for China at this week's Shanghai autoshow, including Ford's redesigned Taurus sedan , aren't fretting over the first quarter slowdown.

via Business News http://ift.tt/1EZRrLr